VDA blames Brexit as German car production declines - leatherbiz: Lead Leatherbiz

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VDA blames Brexit as German car production declines

09/05/2019
VDA blames Brexit as German car production declines
German automobile manufacturers’ association VDA has blamed economic uncertainty around Europe, in particular because of the lack of clarity around the United Kingdom’s exit from the European Union, for a downturn in car production this year.

Figures for the first four months of 2019 show that German auto makers produced 1.7 million vehicles, a fall of 12% compared to the same period last year.

Original equipment manufacturers shipped 1.3 million vehicles to export customers around the world between January and April 2019. This represents a decline of 14% year on year.

VDA said domestic orders have held up comparatively well, with a particularly strong month of April, when German customers ordered 12% more vehicles than they did in the same month in 2018. Orders from domestic customers in the first four months of the year are up by 8%.

Image: Volkswagen.


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